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AMP slapped with $24m fine for charging deceased customers

AMP Life and AMP Financial Planning will have to pay $18m and $6m, respectively ....

Justice Lisa Hespe , David Cullen , Sarah Court , Resolution Life Group , Federal Court , Chair Sarah Court , Life Insurance Premiums , Advice Fees ,

CFS to implement Iress blockchain advice fee consent tech

The solution captures fee consent for ongoing service fee agreements through Xplan and is validated through blockchain in a bid to reduce time spent on administration and data entry for advisers. ....

Michael Blomfield , Colonial First State , Bryce Quirk , Advice Fees , Dvice Fee Consents ,

Super trustees to expect further advice fee oversight by regulators

Super trustees to expect further advice fee oversight by regulators
moneymanagement.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneymanagement.com.au Daily Mail and Mail on Sunday newspapers.

Australian Prudential Regulation Authority , Investments Commission , Royal Commission , Australian Securities , Advice Fees , Independence Act , Financial Sector Reform , Hayne Royal Commission Response , ஆஸ்திரேலிய விவேகமான ஒழுங்குமுறை அதிகாரம் , முதலீடுகள் தரகு , அரச தரகு , ஆஸ்திரேலிய பத்திரங்கள் , சுதந்திரம் நாடகம் , நிதி துறை சீர்திருத்தம் , ஹேன் அரச தரகு பதில் ,

ASIC Releases Guidance On Ongoing Fee Arrangements

ASIC Releases Guidance On Ongoing Fee Arrangements
mondovisione.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondovisione.com Daily Mail and Mail on Sunday newspapers.

Financial Sector Reform Hayne Royal Commission Response , Royal Commission , Financial Services Royal Commission , Financial Services Royal Commission Final , Royal Commission Recommendations , Consultation Paper , Regulatory Guide , Financial Product Advisers Conduct , Corporations Act , Financial Services Royal , Financial Services Royal Commission Final Report , Financial Sector Reform , Royal Assent , Hayne Royal Commission Response , Advice Fees , Dollar Disclosure , நிதி துறை சீர்திருத்தம் ஹேன் அரச தரகு பதில் , அரச தரகு , நிதி சேவைகள் அரச தரகு , நிதி சேவைகள் அரச தரகு இறுதி , ஆலோசனை காகிதம் , ஒழுங்குமுறை வழிகாட்டி , நிறுவனங்கள் நாடகம் , நிதி சேவைகள் அரச , நிதி சேவைகள் அரச தரகு இறுதி அறிக்கை , நிதி துறை சீர்திருத்தம் ,

Platforms contacting advice clients without adviser knowledge

“This isn’t the first time that some platforms have contacted clients of advisers – we saw similar instances when fees and commissions were turned off by some platforms well in advance of legislation,” she said.
“No doubt the platforms believe they have good reasons for taking this step, and circumventing the adviser’s relationship with their clients. They may claim that it is a regulatory requirement, or perhaps an action to reduce liability. Another reason may be that they lack the technological ability to obtain consent in a more adviser led or digital way.”
Bernasconi noted the banks’ exit from wealth management and advisers moving away from aligned distribution had changed the way adviser groups selected and used platform providers. ....

Shannon Bernasconi , Commission Response , Financial Sector Reform , Hayne Royal , Financial Advisers , Advice Fees , ஶ்யாநந் பெர்னாஸ்கோனி , தரகு பதில் , நிதி துறை சீர்திருத்தம் , ஹேன் அரச ,